Asked by MPENDULO DOMINIC FAKUDZE on Apr 25, 2024
Katz reports total revenue of $245,600,cost of goods sold of $18,950 and net income of $121,000.Their total assets are $585,000 and total liabilities are $250,000.What is their return on equity (ROE) ?
A) 36.12%
B) 48.40%
C) 20.68%
D) 41.98%
Return On Equity (ROE)
A financial ratio indicating the profitability of a firm relative to its equity capital.
Liabilities
Financial obligations or debts that a company owes to others, which need to be settled over time.
Assets
Economic resources owned or controlled by an entity, expected to produce value or benefit in the future.
- Assess the economic impact of strategic choices in the supply chain on critical financial metrics, including the duration of the cash conversion cycle, return on equity, and the turnover frequency of accounts receivable.
Learning Objectives
- Assess the economic impact of strategic choices in the supply chain on critical financial metrics, including the duration of the cash conversion cycle, return on equity, and the turnover frequency of accounts receivable.
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